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. a closer look at the skies. jane king has the bloomberg business report. good morning. >> good morning. congress heading back to work today. the biggest issue it needs to handle it is the fiscal cliff. $1 billion in automatic budget cuts. bloomberg found an internal survey shows 102 air-traffic control towers are open all night but they do not have enough air traffic to justify being open 24 hours a day. members of congress have tried to block attempts to cut tower hours or consolidate the work. we hardly moved on wall street yesterday. many people on the sidelines. stock futures party to a lower start to things. starbucks had help from sales from their gingerbread mocha. starbucks offering a two-for-one deal. they want to get you hooked and that is the way to boost traffic during slow periods of the day. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> there could be sticker shock for those buying a used car. >> used cars are getting more expensive. the company behind twinkies continuing to have problems with their labor unions. >> a shortage of t
one manufacturer can't key up. -- can't keep up. >> dow is up 37 points. we go to jane king >>> welcome back. check out flanked by rain to the south, north, thunderstorms over the sierra tuning into thunder snow now. warm spot palm springs 82, tahoe 43 everybody he will in the 50s and 60s if you are heading to the high country, advisory starts at 4:00 this afternoon snow level down to 3,000 feet, i bet chains will be needed. we'll keep an eye on this. >>> let's check in with josh elliot for what is coming up on "good morning america." >>> hope it is a good morning for you josh with that nor'easter you must have had a tough time getting to work. >>> i did. great to be with you. listening to that weather cast, we were wallopped from southern connecticut to an hour outside the city we woke to a foot of snow this morning. it makes your hart break to think about what the folks in the rockaways and long island and staten island down the jersey shore experienced last night trying to pick up in the aftermath of sandy and now this. it is snapping limbs off of trees, finishing power t
/2 points. live to jane king at the new >>> welcome back. here's a look at doppler radar covering the entire state, dry out there no matter where you are going high clouds and sun everywhere today mild from 53 in tahoe to 64 in yosemite, upper 60s to low 70s through the central valley, big sur 73°, san diego 71 near 80 in l.a. and palm springs. safe travels. >>> let's check in with josh elliot for what is coming up on "good morning america." >>> good wednesday morning many coming up here, why is this woman, carrying a sign proclaiming herself to be an idiot? what if i told you it was punishment for a traffic violation. we'll tell you about it, how people are reacting a story you first heard about here on "good morning america" which is screen, because it is next, right here on "good morning america." >> that comes up in 14 minutes. right now this story. governor brown plans to appear this morning at a uc regents meeting in san francisco to urge officials to control costs and avoid another fee hike for students. regented -- regented shelves proposed hike vote for now. yesterday yesterday a p
underway on wall street. dow off about 73 points. we go to jane king at the new york stock exchange in , dont miss a note, next here on "good morning america." >> she is just as beautiful in person as she is on tv, oh my gosh. thank you so much. >> she is the best, the best. >> see you later. the morning commute just got easier for people in new york and new jersey. starting today some train services that were hit hard by sandy back up and running, happy news for a lot of commuters who rely on the port authority's path service to get to and from new york city. >>> apple has asked a federal court to add six more products to its suit against samsung, the case is one of two lawsuits by apple against samsung. apple claims tablets and smartphones infringed on eight of its patents. apple won a 1.5 billion dollar against samsung is i am >>> youtube has a top video investors will be watching retailers this cyber monday morning. >> jane king joins us live. hopefully a great thanksgiving for you. >> yes it was, thank you. the retailers look like they had a great thanksgiving, we'll be getting
, trading is underway on wall street we check in with jane king, live at the new york stock exchange. >> governor brown continues to push prop 30. new poll showing where the tax hurt stands and us, r >>> welcome back. still tracking our rain i am good morning still have east bay valleys, santa clara valley and santa cruz mountains now monterey bay starting to get into more steady rain through about 9:00. east or south expect it to be wet today. it is going to start to dissipate late during the afternoon, 73 fresno, scattered showers in the sierra. upper 60s around element a, san diego. palm springs 87°. >>> let's check in with that southern california boy and find out what is going on. >> one who is currently living in new york, josh elliot. happy to hear you are getting some of your trains back. >>> yeah. i would take the coastal fog in southern california right now and not look back, not think twice about it. great to be with you. everybody in the bay area, you are right that is a great piece of news we have today limited subway service in the city, back up and running, shocking w
. the company responds it needs to lower operating costs to compete. >>> still ahead, we check in with jane king. >>> he's the new york city nan -- and she's the new york city nanny is accused of taking lives of two children she was hired to ca ♪ ♪ we were skipping stones ♪ and letting go ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients, from nature valley. ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars, nature at its most delicious. >>> welcome back. let's check out live doppler 7 hd and all the doppler radars across california all showing the same thing, dry air, it is going to be warm everywhere today from 86 in big sur, low to mid 80s through the central valley, 64 tahoe, san diego 88 palm springs 94, better in los angeles warmer i should say 95°. >>> 6:45. the nanny charged with stabbing
might be surprised where you can get the best deals on your thank meliorism jane king joins us live from the new york stock exchange. i take -- i take it you are not talking about your house. >> no although i am hosting, i don't know if you want to come or not many i'm not known to be a good cook, we'll see. certainly, pain for hewlett-packard shareholders, shares of the software maker down more than a dollar. after the company talked about a willful effort to mislead investors and potential buyest on awe -- hp saying a part of the problem was because of puáonomy. best buy in trouble shares lower company had a quarterly net loss, blamed lower than expected sales at established stores this could help the company's founder in his efforts to buy best buy at a favorable price. housing market positive, starts climbing in october to a four year high, more improvement in construction. commerce department says superstorm sandy had minimal impact on construction, experts say the damage from the storm could result in a pick-up in construction in the northeast region by next year. here's how the m
we are going live to jane king at the new york stock exchange to see how the stock for this palo alto-based company is doing today. >>> san jose food bank is still short the up in of turkeys it needs to fill food baskets. we've been telling you about sacred heart for several days. today volunteers will hand out the last of 4200 food boxes. organizers say they still need 200 more turkeys to meet all demand. to find out how you can help go to abc7news.com click on see it on tv. >>> 6:07. on a day like this you are going to want traffic and weather a lot we'll have them together for you next. golden gate bridge deck is wet, drivers have to be careful. meteorologist mike nicco will have your full forecast many we'll check in with sue to talk about accidents. >>> a bomb rips through a bus in israel. passengers injured, continuing efforts to reach a cease-fire. #t >>> welcome back. thanks for sticking around checking out live doppler returns aren't as impressive as they were earlier we still have a ton of moisture sitting in our atmosphere a few more showers upstream to the south wet as the
the dow is up 57 points. we'll check in with jane king at the new york stock exchange >>> welcome back. check out radar across the state, it is dry, no returns, no rain, that means no new snow in the sierra they are making it in the morning. low to mid 60s eureka, chico, yosemite. 70 big sur, tahoe 57 today, 56 tomorrow, 51 sunday, lows in the 20s. yosemite mid 60s to start the weekend, 61 bay the time we get to sunday, around los angeles starting in the 80s, will hang there saturday only 74 on sunday, mid 70s around san diego, about 68 by sunday, enjoin the sunshine no matter where you go this -- enjoy the sunshine no matter where you go this weekend. >>> more on the black friday frenzy, katie marzullo is live in livermore at the paragon outlets you got plenty of company there. >> reporter: i do. here's what i know, it is cold, chilly, if you will, it is early and people have been shopping here since 10:00 last night. take a look, we are in a bit of a lull, as the real hard-core shoppers were here 10:00 last night. the rest will start to show up as the sun comes up. the assistant gene
ongoing talks about the fiscal cliff. dow down 55 points. we go to jane king >>> good wednesday morning. the rain has been heaviest in the north bay, wind gusts along the coast into the south bay, that's why we have a wind advisory for the entire bay area and also a wind warning along the coast. winds have been in excess of 40 miles an hour. here's live doppler 7 hd with the yellows from the north bay offshore to around point rays and inverness as we head east richmond and kensington, light rain into san francisco, look what is coming your way within the next half hour, 15 minutes, you are getting wet, pescadero looking at wet weather here are the winds, we are just getting going heaviest window will be between 8:00 and 10:00 this morning. >>> now live outside for a couple of live shots what is outside in san rafael on the left, it is definitely getting light rain but lisa says they are in a break now with the heavier stuff to come. picture from pacifica on your right that rain is starting to fall more heavily, the winds that's going to be the big issue gusts up to 50, 55 miles per hour
a whooping three points, we go to jane king at the new york stock exchange to see what is happen >>> welcome back. this is live doppler 7 hd, heavier rain yellows, moderate rain still in the east bay south bay into the santa cruz mountains starting to get green once again heading towards the north bay even once this front pulls through we are still going to have waves of showers throughout the afternoon. if you are traveling from bakersfield north that's where you going to run into the valley rain and mountain snow. we still have winter storm warning above 7,000 feet, sue said you need changes if you are on 50. 45 and raining at lake level in tahoe. >>> live doppler telling one part of the story about the rain intensity. kira klapper telling another live in los gatos. >> reporter: good morning. it is still raining, still windy here in los gatos this morning. the rain has been coming horizontally at us all morning now it is coming from every direction i don't know what is worse. more importantly, the streets, the roadways this is highway 17 as the friday morning commute picks up. earlier this
with a catch. jane king has the bloomberg business report. good morning, jane. >> hi, stan. toyota, another blow to the reputation of this company. more than 2.7 million vehicles and does include 607,000 prius hybrids that were sold in the u.s. after faults were detected in the steering and with water pumps. you can go to toyota.com/recall for more information. they had been counting on a surplus and it is smaller than was estimated because of lower interest rates. there will report their losses tomorrow. record annual loss of $15 billion tomorrow. the markets closed lower overall yesterday. futures this morning are looking healthy. t-mobile offering samsung smartphones for foree. you pay up front and male and a a rebate.n apple is lagging behind samsung in the smartphone market. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. trump.s talk donald he is pretty vocal when it comes to his thoughts and political views. macy's is under pressure to dump the trump. >> a petition is picking up some steam. they want macy's to get rid of the trump brand. more stori
into bankruptcy. jane king has the bloomberg business report. good morning, jane. >> hi, stan. futures this morning are a little bit higher but they are quiet. election day is finally here. this is the most expensive election to date. they have spent $931 million so far. the tab is more than $4 billion through last sunday. some say as much as $6 billion could be spent on the election. obama and romney appeared to be in agreement in spending on cyber security and drones. getting to stocks, baby steps hire. people do stay on the sidelines. suzuki xing the u.s. car market -- exitted the u.s. car market. this move does not affect sales of motorcycles. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> home owners might get a break from their mortgage lenders. >> this is for distressed homeowners possibly facing foreclosure. this is for those hit hard by the hurricane. how to talk to your lender and what macy's is doing to prepare for black friday shoppers. >> thank you. >> 5:23. ladies night for the ravens. >> don't forget to e-mail us your response to o
@wbaltv.com. good question, huh, stan? >> banks continue to waive fees. jane king has the bloomberg business report. good morning, jane. >> hi, stan. i have power. the outcome of the election may not matter for the economy. we have better times ahead for the next four years no matter who is president. home prices are rebounding. both candidates have to tackle the budget deficit. chase and citibank continues to waive fees in parts of the country hit hard by hurricane sandy. this includes late feats on credit cards and consumer loans. other fees are waived through tomorrow. stock futures are quiet with the election tomorrow. wall street does not like uncertainty. stock default on friday -- stocks did fall on friday. prices on the nook electronic reader is $20 cheaper. they're facing a lot of competition in the tablet arena. apple releasing the ipad maini last week. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> people could not watch cable -- how about a break there? >> the cable companies understand. i will tell you more about that. the best and worst airports
%. how should we digest that? more on that with jane king. she will be reporting from bloomberg headquarters that has to do with the aftermath of hurricane sandy. right now we welcome to you the 6:30 half hour i'm kristen sze. >>> i'm eric thomas. first a check on our changing weather forecast. >>> some may say changing for the better especially if you are trying to get around this morning, doppler showing the dry weather outside. we have fog especially thick around livermore 3/4, quarter of a mile in napa, 3/4 in santa rosa everybody else doing okay. as we head towards the afternoon, around the bay high clouds and sunshine lunch upper 50s to mid 60s 4:00 mid to upper 60s inland the fog through around 9, 10:00 tops. if you are heading to the coast one of the cooler days there. high clouds and sunshine partly under any, mid 50s to 60. record highs in a few minutes. >>> busier on east shore freeway past golden gate fields, berkeley into emeryville and macarthur maze over 20 minutes from the carquinez bridge to the maze on 80 westbound off the golden gate bridge light no fog actual
. some stores are recycling black friday deals from last year. jane king has the bloomberg business report. >> good morning. the food and drug administration investigating whether energy drinks or responsible for the deaths of people. it does recommend people consume no more than two bottles today. monster energy drinks are cited in the deaths of five people. the cost to provide health care rose by 4% this year appeared that is the smallest increase in 15 years. more employees were moved into other health plans. concern about the u.s. budget debate sent the dow plunging. the bloomberg maryland index dropping on losses for stanley black & decker and lockheed martin. if you scare the black friday deals, you may feel deja vu. 90% of this year's black friday ads contain the same items and prices as last year after analyzing 22 black friday fliers. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> interesting. thank you. ravens. for sunday night's big game at pittsburgh. there is a change at the pittsburgh quarterback position. >> here is a look at la
't that the truth? starbucks. time for facebook surprises investors. jane king has the bloomberg business report. good morning to you. >> people are wondering what digital privacy protections we have. he was a former cia director. that is raising some eyebrows. law enforcement can gain access to people's personal e-mail. the main law governing digital privacy was passed back in 1986 before things like facebook was part of our lives. wrist and application with job openings and recruiters. shares of facebook soared 12% yesterday. shares rose on optimism the company will be able to add revenue. investors' attention remains on washington where there needs to be an agreement on the budget. starbucks has another deal. it has agreed to buy teavana for about $620 million. that will add to its other non- coffee offerings. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> a lot of folks like to get their caffeine rush from those energy shots but they could be deadly. >> you may have seen those commercials for those five our energy during spirit they are possibly connec
or christmas? jane king has the bloomberg business report. >> good morning. if you could only afford thanksgiving or christmas, the average price for it round-trip domestic flight on turkey date is about the same as it was a year ago. the number of americans on food stamps now at a record high. more than 37 million americans need them. also the number of recipients is rising because of hurricane sandy. markets were slightly higher on friday. it was the worst week for stocks since june. a new leader in january for lockheed martin. the leader worked her way to the top. she has two sons. christopher kubasik resigned after a lengthy relationship with a subordinate. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:19. ravens fans looking towards next week's games against the steelers. >> a record-setting performance yesterday against the raiders. >> here is a look at last night's winning maryland lottery numbers. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. this monday at
. jane king has the bloomberg business report. giving dinner will cost more but not by much. it rose less than 1% from last year. it is up 28 cents from a year ago. nestle recalling some of its chocolate powder because of possible salmonella risk. stocks continued their downward spiral yesterday. the fiscal cliff is on to investors' mind. the bloomberg maryland index was in the red on losses for under armour and the costar group. there is black friday and cyber monday. there is also small business saturday. this year, nearly half of independent merchants plan to promote small shopping as part of their holiday shopping. they expect a big sales boost from it. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> thank you. 6:19. the ravens take on the raiders this weekend. >> here is a look at last night's winning maryland lottery numbers. oh! green mountain coffee! how do you always have my favorite coffee? well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee and even hot cocoa, and you'll alway
to recover from a bad day from the markets. jane king has the bloomberg business report. good morning. >> good morning. mother nature is not being good to york lately. we had a huge sell-off yesterday -- mother nature is not being good to new york lately. there is the fiscal cliff unless some kind of budget agreement is reached. there were protesters outside of greece's parliament. there were a lot of nervous investors. the dow had its biggest decline of the year. the s&p falling more than 2.5%. defense contractors sliding. casino revenue continued to slide at all three gaming venues in maryland. table games have been legalized in maryland. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> black friday is about two weeks away. walmart is out this morning with some news. >> i will tell you what they have planned for black friday and it does involve special deals. we will see a wave of special deals from walmart. >> thank you. >> 5:22. new adoption rules in our state. >> don't forget to e-mail us your response to our water cooler questio
code is better than using the wrong zip code. jane king has the bloomberg business report. >> good morning. walmart is gearing up for a black friday. a different strategy this year. in-store specials start thanksgiving night at 8:00 p.m. the next wave is 10:00 p.m. with a focus on electronics. they are starting black friday sales two hours earlier this year. a huge sell-off yesterday for stocks. investors worried about a big budget showdown. the bloomberg maryland index falling on losses for lockheed martin. , many're headed to bwi people will travel from november 16 thru november 27. the forecast is a bright spot. if you chat away on skype, there is more debate over whether it should be allowed. the faa should dictate how people should use the internet which includes making skype calls. calls disturb other passengers. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> what if they whisper while they talke? >> the ravens prepare for their game on sunday. >> here is a look at last night's winning maryland lottery numbers. hey! hey, baby. [ starts
. >> that is a start. >> more good news for the labor markets. jane king has the bloomberg business report. it is friday. >> what a couple of weeks it has been. happy friday. temp jobs are now contributing last to job creation. the steep decline shows companies are getting more comfortable adding full-time workers. the fiscal cliff is still weighing on hiring decisions. stock were lower again yesterday. other troubled is a loss -- another triple digit loss. futures are quiet this morning. if you're having problems with your twitter account, it could of been accidentally reset. they do this if an account may have been compromised. military veterans will not go hungry. tons of restaurant chains are giving veterans deals on meals ranging from free wings to pancakes. they just need some free workout sessions. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> work off all that food. it seems thanksgiving dinner minor cost as much as we thought. >> i'm good news about food prices. details on a recall for chocolate milk powder. >> 5:23. purple friday. the rav
get some pretty could deals on foreclosed homes. jane king has the bloomberg business report. good morning. >> the department of veterans affairs is falling behind in its mission of caring for veterans. 896,000 claims were pending as of last week. foreclosures are not the deal they use to be. discount of 7.7%. the discount was closer to 24% back in 2009. discount is about 20% in baltimore. futures this morning are a little higher. we did manage some slight gains back on friday. we did have the best week for for stocks since june. those are catalogs and there is the annual fashion show which is televised nationwide. it serves as the cornerstone of their marketing machine. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> mindy often walks down the street with a roulette wheel. >> absolutely. eavy.at would be have th >> the number of people on food stamps is on the rise. >> one in seven americans relies on food stamps. is it cheaper to fly on thanksgiving or christmas? >> it is very colorful. >> 5:22. the ravens took care of business
have pointed up the dough for this car. jane king has the bloomberg business report. >> good morning. hostess is in bad shape. they started shutting down factories after they couldn't get enough members of the striking bakery union to cross picket lines to keep them open. several plants are closing. a number of the unions is saying hostess is making false claims. your fix may be more expensive because of a possible supply shortage of cocoa beans because of dry weather. the price of chocolate could corporation 8% in the first half of next year. the bloomberg maryland index was lower for the jos. a. bank. hurricane sandy driving a used car prices higher. buyers are starting to show up to dealers to replace the vehicles that were lost to the storm. used-car prices could drop as much as $1,000 per vehicle. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 46 degrees at the airport. the steelers barely hold on against kansas city. >> don't forget to e-mail us your response to our water cooler question of the day. do think the allegations against elmo c
pressure to dump trump. jane king has the bloomberg business report. >> good morning. macy's is under pressure to ditch its donald trump brands after he attacked president obama during the election campaign. a petition is asking macy's to dump him. a spokesperson said the merchandising does not represent any political position. maryland live! casino is holding a job fair. to the human resources to permit with a resume in hand. you can click on careers for other careers. stocks were lower yesterday. investors taking a close look at the october sales report which reflects the direct hit retailers took from hurricane sandy. launching a food subscription program and that includes shipping and handling. price for the food treats will be $15 if you purchased the items separately. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:21, 30 degrees at the airport. >> good morning. the baseball writers announce the manager of the year award. >> here is a look at last night's winning maryland lottery numbers. >> now insta-weather plus and traffic pulse 11 tog
to shop at macy's may have a shorter wait. jane king has the bloomberg business report. >> if you lost power during the recent hurricane and used a generator, there is a recall. costco recalling more than a thousand generators because they make the field and catch fire. the year 6500 or 7000 running watts. there have been two reports of property damage. the government is offering relief for some displaced homeowners. there is a moratorium on foreclosures for homeowners with federally insured mortgages. higher close for stocks yesterday. the dow is up more than 7% so far this year. the bloomberg maryland index was higher on gains for in that therapeutics -- for united therapeutics. all macy stores will open that midnight on friday november 23 and people can view specials on their updated mobile app. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> would you go shopping at midnight? >> no. 32 degrees at the airport. the ravens are still suffering from identity crisis. pete gilbert would join us in the studio. >> here is a look at last night's winning
-- the bailout of the auto industry has contributed to another term for president obama. jane king has the bloomberg business report. >> 56% of americans consider the bailout of chrysler and gm could for the american economy. obama will need to address the so-called fiscal cliff. the head of the -- the re- election raises the possibility that automatic spending cuts may go into effect at the beginning of next year. stocks were surging as voters went to the polls. the bloomberg maryland index was also up. summer babies are less likely to make it to the top of the corporate ladder because they are typically younger than those in their class and all the kids tend to do better. most ceo's were born in the spring months of march and april. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> both of my kids were born in the summer. i was born in january. >> 6:22. we'll look at some of the other political races making news. >> here is a look at last night's winning maryland lottery numbers. >> now insta-weather plus and traffic pulse 11 together. >> the rest
@wbaltv.com. cable companies are offering a break to areas hit hard by sandy. jane king has the bloomberg business report. >> good morning. toyota still on the comeback trail from the natural disasters it faced. were strong demands for the prius. people are ready for a new design for the prius. they may broaden the car's appeal by ditching the wedge shape. cable companies are offering credits to customers who lost service. dish and directv have adopted similar policies. you have to call to ask for the credit. the best airports to be stranded in. the worst were washington's dollaulles. this is based on selection of food and shopping. bwi did not make either list. the markets did fall on friday. wall street does not like uncertainty. the bloomberg maryland index was also in the red. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> 6:20. 40 degrees at the airport. >> the ravens survive in the end. that is coming up next in sports. >> but first, here is a look at last night's winning maryland lottery numbers. hope you have them. >> now traffic pulse 1
is reacting to a second term for president obama. jane king has the bloomberg business report. good morning. >> we just wrapped up a long election night. futures this morning are a little bit higher. they are similar to what we as seen recently. the dow has jumped 67% as of yesterday. we did have a pretty nice rally as voters went to the polls. energy stocks were strong on higher oil prices. we are expecting a nor'easter in the northeast. airlines are suspending flights to and from the new york area. delta is expecting halting flights. the airline industry is recovering from many canceled flights last week. the number of vehicles flooded by sandy may exceed the number of cars destroyed by hurricane katrina. if you're in the market for a used car, make sure you check the signs of water damage and check the car's history. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. piece.my hair pieear >> like the story. 5:22. 38 degrees at the airport. a man trying to recover from an alleged drunk driving accident. >> the preview of an upcoming i- >> the p
week's presidential election. here's jane king with the bloomberg business report. >>> good morning. long gas lines and spiking prices on east coast after hurricane sandy, people tank up and buy extra to power generators. associated process some think pump prices are likely to keep going down nationwide because of ample supply. people in states hit hard by the storm are doing less driving. meantime, new jersey's housing market hard hit by the hurricane, state has the nation's second highest foreclosure rate. new york and new jersey face at least 100 million dollars of beach repairs and cleanup of toxic sewage. investors looking at report on weekly jobless claims ahead of the big report due out tomorrow. insurance companies taking direct hit from sandy yesterday that weighed on stocks. at the new york stock exchange, i'm jane king. >>> riding bart in bad weather might be a little more pleasant according to the examiner, bart is developing a canopy prototype for its escalators to shield riders from wind and rain. escalators around downtown san francisco have suffered numerous disrupti
. >>> the damage assessments on hurricane sandy keeps getting worse. >> jane king in new york has that and investors today eyeing that big unemployment report. >>> good morning. big october jobs report is out this is the last monthly jobs report before the presidential election. the labor department says a more than expected 171,000 jobs were created in the month and a separate report says the unemployment rate climbed slightly to 7.9% as more people ended the workforce the ray was 7.8% when president obama took office in january 2009. estimates of storm damage from hurricane sandy still rising, 50 billion dollars. 10 to 20 billion of that is insured losses. a lot of uninsureed costs big hit for insurance companies. government takes a hit, sandy maybe the third most expensive ever on record for the government's flood insurance program behind hurricane katrina in 2005 and hurricane ike in 2008. as for stocks to watch, starbucks 4 quarter profit edging higher as new products help boost sales. starbucks planning on 1300 more stores next year also getting ready to roll out special pro
, economists are putting some of the claim of mitt romney and barack obama to a fact check. >> here's jane king with the bloomberg business report. >>> mitt romney says a second term of president obama would result in slow economic growth at best. the president says, a romney presidency would put us in another huge recession. economists say both men are wrong. they say, the economy is on track for a pick-up over the next four years, no matter who wins tomorrow's election they warn the next president needs to tackle the tough issue of reducing 1.1 trillion deficit. good news for drivers gas price continue to fall aaa says average price nationwide for regular $3.48. seven cents lower than a week ago, 31 cents lower than a month ago. barnes & noble cutting prices on the nook, to the lowest price ever, the tablets now $20 off at $159. i'm jane king with the bloomberg business report. >>> san francisco's municipal rail celebrating 100th birthday celebration putting several vehicles like this trolley from the late 40s into operation. muni started in 1912 as a streetcar system. >> it was the first pub
check in with jane king to see how stocks are doing on this election day morning. >>> also, soda and other sugary dings in one bay area city could get -- sugary >>> doppler the last three hours, dry hardly any cloud cover except eureka in the afternoon. central valley upper 70s chico, sacramento. tahoe 68 today with sunshine, thursday morning through friday afternoon winter weather advisory 5 to 10 inches of snow possible above 7,000 feet it is going to be a winter wonderland once again. >>> let's check in with josh elliot for what is coming up on "good morning america." >>> good election tuesday to all of you. from our abc news election set for the biggest of big day both spending monday making a massive push before the polls open this morning we have reporters around the country we'll have our political powerhouse panel live in studio full election coverage ahead as america chooses its next president, all next right here on "good morning america." >>> that comes up in 15 minutes. richmond residents will decide on a soda tax today, if it passes richmond will be the first nation
to election results. >> jane king is live at the new york stock exchange with how they are reacting. >>> it has been interesting to watch not just stocks but all markets overnight. most of the night stocks were flat. we did see gold up and dollar down. that is -- then we saw stocks suddenly take a downturn. a couple of things going on investors starting to talk about the fiscal cliff worry about how that may not be settled. europe taking down its growth expectations. european union for the whole eurozone cutting growth rate. so far this morning, dow down 161 points. s&p and nasdaq trading lower. day after barack obama was elected in 2008 dow had its biggest drop ever for a day after election. we were in the middle of a financial crisis you may remember. we have the bloomberg index so far in morning, trading sharply lower, 1 1/2% on the downside. united continental and american cancelling hundreds of flights today because of a winter storm headed to the east coast in the same place hit by hurricane sandy last week. southwest and delta making adjustments in their schedules. new estima
winning a second term. >> here's jane king with the bloomberg business report. >>> until last night who president had won reelection with consumer confidence so low since nixon in 1972. how did president obama defy the odds? even though consumer confidence is low it is rapidly improving and drops in unemployment in key states, including florida helping. ohio a stay seen as necessary for a republican victory jobless rate there improving more than nationwide thanks to the auto and oil and gas drilling industries. president obama will need address the so-called fiscal cliff as soon as possible with more than 600 billion dollars with tax increases and spending cuts going into effect next year unless house and senate can reach compromise. leaks about black friday deals already coming out. retailers complain about the leaks but likely appreciate the publicity. at the new york stock exchange, i'm jane king. >>> 5:56. three marin county daycare workers are under arrest for the death of a baby in their care they are scheduled to appear in court this morning. the magic place infant and toddler da
be distorted by superstorm sandy. >> here's jane king. >>> attention shoppers! wal-mart opening 8 p.m. thank thanksgiving day, two hours earlier than last year, customers who line-up inside the store between 10 and 11 that night deals on ipads, tv's and blue-ray players will get the black friday price later the store they are in sells out. yesterday the biggest decline in a year for the dow, investors worried about budget showdown between president obama and a republican-controlled house. for veterans lousy weekend for calorie counting good for getting free food, free doughnut and coffee at krispy kreme, free pizza, free panics and free wings at hooters. some celebrating veterans day monday may help chains fill tables on the slowest day of the week. i'm jane king. >>> 21-year-old man behind bars after police say he broke into the napa county home of nancy pelosi. investigators say kevin hey again broke into her home -- kevin h egan broke into her home twice. they say he had a watch taken from her house. pelosi was not there during the break-s. he has admitted to during -- burglarizing sick h
of drowsy driver awareness week. >>> here's jane king with the bloomberg business report. >>> promising news on-the-job market employers hire more fulltime workers analysts say it is a double positive people who have fulltime jobs are likely to spend more freely. before you swallow chocolate milk, nestle recalling chocolate power because of possible salmonella risk. as for trading more down days on wall street between now and the end of the year investors lock in profits to avoid what might be higher taxes on capital gains starting january 1st. concern about that pushing stocks lower yesterday. forget about black friday sears starting what used to be day after thanksgiving sales, five days early, sunday. the first deals are online for sears.com members only. sears opening sears and kmart stores on thanksgiving day with special deals with rival wal-mart. at the new york stock exchange, i'm jane king. >>> 5:57. next, rough weather hits bay area overnight and leaves a neighborhood in the dark. pg&e works now to get the lights back on. >>> hail hits the east bay. we've been talking about it in s
of parents are doing the same thing the reason surprised me. >> we'll look to jane king with this morning's bloomberg business report. >>> if you are thinking of visiting family for the holidays you might be better off traveling over thanksgiving rather than christmas, air fares for christmastime are rising faster than for thanksgiving break. new development photo school business sales dropping 2%. the problem is the photos are old school and parents are getting their kids pictures taken by private photographers which can set you back a couple thousands. one retailer doing well victoria secret sales up 7% in the past three quarters of this year after record sales last year. analysts say the secret is the annual fashion show which gives more attention and the internet and ads. last year more than 11 million viewers, most were women. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> hayward police asking for hem -- for help from anyone who knows anything about a body found in a abandoned repair shop. >> the lord is my shepard, i shall not want. >> family
, if you thinking about buying a used car. >> here's jane king. >>> good morning. hostess is shutting plants in cincinnati, st. louis and seattle, permanently because they couldn't get enough employees to cross the picket line and report for work. hostess is days from shutting down entirely because of the strike. hurricane sandy driving used car prices higher, buyers are already starting to show up at dealers as they seek to replace the 100 to 250,000 vehicles destroy in the storm. used car prices could go up as much as $1,000 a vehicle. >> starbucks getting in the holiday spirit offering a buy one get one free deal on holiday drinks for three days starting thursday in an effort to pull in foot traffic for the holiday. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> we've all her of diet soda, a new pepsi drink claims it can reduce fat levels in your body, pepsi special set to hit the market today in japan the soda is infused with dextrin the same fiber found in supplements sold in the u.s.. past flavors there include yogurt, strawberry, milk and
that's a grind. >>> coming up we check in with jane king live at the new york stock exchange. >> first back out to daly city another live look from sky 7 hd part of that hillside that wash weighed taking mudé/÷l8 the hillside flooding an -- washed away taki >>> welcome back. 6:44. live picture from sky 7 h of an area in daly city hit by water and then with the water brought down the hillside a lot of mud this is lausanne at clayton court near hillside park. as you can see the hillside at hillside park coming down into that neighborhood and just making a mess some cars covered above the where the door opens so some stuck getting in those cars it is going to be a long time until that is straightened out. better pictures too. >> some ground video gives you a closer look of what is going on when that mud started flowing down the hillside. i was amazing. now results is intersections -- it was amazing. now the results is intersections wet and muddy. this is what you were referring to. >> high water mark, yeah. >> those drives are not going to be able to get their cars now they are worried
before. the highest level in 18 months. >>> with the morning's other money news here's jane king. >>> twinkies and wonder bread maker hostess threatening to shutdown, saying unless enough striking workers cross the picket line today, 18,000 workers will be out of a job. jc pennies may not make it past countries -- jc penney may not make it past christmas 2014. you might need to save more planning on shopping at wal-mart, target or best buy on black friday prices are going up, median price for goods in the three stores the day after thanksgiving flyers are -- fliers are higher than a year ago itch at the new york stock exchange, i'm jane king. -- >>> cancer foundation created by lance armstrong is putting more distance between itself and armstrong. livestrong is dropping armstrong's name from its title. it will be known simply as livestrong. armstrong created the charity after he came down with cancer in 1997 but except away last month after officials ruled he -- but he stepped away last month after officials ruled he was performance-enhancing drugs. >>> nudist rallied yesterday,
in the wake of hurricane sandy. jane king is live at the new york stock exchange to explain. >>> good morning. states that took a direct hit from superstorm sandy on the path of a new wave of foreclosures. filings surging more in new york, new jersey and connecticut in october than any other state. as for california, currently has the fourth highest rate in the nation, the situation in the bay area continues to improve with foreclosure filings down more than 40% compared to a year ago. nationwide filings insured down 19% from a year ago. quarterly results, unemployment claims increase last week mostly because of sandy they surged up 78,000, a big number. a lot of people couldn't get to work these companies had to be shutdown those holding back stocks another day starting out with little movement inflation concerns are easing cost of living increasing in october at slowest pace in three months prices may not be too much more expensive between now and the end of the year. retailers battling to offer the best prices on line toys. here's how the market is shaping up, dow now turning lower seven p
are the targets of federal investigation. >> here is jane king. >> fed ex and ups may be shipping more than holiday gifts. they are under investigation into drugs that may have been illegally shipped by online pharmacies. they are cooperating with the investigation. they say the entire thing is absurd. they are asking to make a industry wide solution. the gap is seeing earning, sears has posted a loss and walmart posted lower earnings. a wake-up call for hotel guests. bring your own carbon monoxide detector. 8 people have died. 180 have been treated in the last three years. they say many hotels don't put the detectors in guest rooms possibly because of cost. i'm jane king. >> eric: the top official at post office says his agency is facing its own fiscal cliff. they are reporting a $16 billion loss. that is triple of the losses of the year before and they project more red ink for next year. they defaulted on billions of dollars of payments to avoid bankruptcy and has reached its borrowing limit. postmaster says it is crucial that coning passes a financial aid package. >> researchers at u.c.
with turkey. >> let's check in with jane king live at the new york stock exchange and find out more. >> good morning. i think actually wednesday night is the biggest pizza night of the year. we'll have that story coming up. higher start here optimism somehow president obama and congress will avoid the so-called fiscal cliff and come together on a deal optimistic comments from leaders over the past few days on that a couple minutes report on existing hope sales for october economists forecast sales for the month near a two year high. ahead of that, here's how we look, dow up by 130 points, s&p and nasdaq up better than 1% across the board today, bloomberg index up, almost 2% higher. as you mentioned, big change as head for intel, chief executive retiring in may after almost four decades an the company. intel shares higher slightly on this news up 4/10 of a percent. trading -- cisco going after a company that helps businesses manage wifi networks remotely, offering to pay 1.2 billion for the company that nearly tripled headcount to 300, cisco shares up more than 1%. long list of retailers tryi
:54. >>> if you are hitting the road for thanksgiving, there's good news. >> here's jane king with the bloomberg business report. >>> good morning. good news for drivers, gas prices keep going lower nationwide average $3.42, down 30 cents from a month ago. stores like toys "r" us, wal-mart, target starting black friday sales on thanksgiving day. now, cyber monday is starting earlier, wal-mart kicking off this year's sales two days earlier on saturday. allowing shoppers to order online and pay with cash in the stores. holiday flavors just keep getting weirder this year peppermint pringles retailers go to new extremes to get your attention. $33 ice cream cake that looks like a turkey. if you don't want the whole turkey you can just get the leg, $8 forever a two-pack. -- for a two-pack. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:55. looks like some can't bear the thought of missing out on a black friday door buster bargain in pinole and other places around the country people are waiting for those day after thanksgiving sales. this is the best buy store w
when it hit an 18 month high driven by people who lost work over superstorm sandy. >> here's jane king with the bloomberg business report. >> good morning mediation with bakers' union failed, hostess will be back in court today asking a bankruptcy judge for permission to shutdown more than 18,000 workers could be out of a job unless they reach a last minute deal or investors buy the company's bran. cost -- company's brand. department of agriculture says prices go up next year when impact of this year's drought catches up, powell going up 4%, dairy more. if you are -- wondering what to get the kids for christmas you might think about an ipad, 48% of kids to 12 plan to ask santa for an ipad. at the new york stock exchange, i'm jane king. >>> major step with major ramifications for women young and old. recommendation to make the contraceptive pill available over-the-counter. america's largest group of ob/ gyn's say the progesterone pill should be sold without prescriptions like condemns -- like condoms, fda would have approve it there are worries about the most popular form would become l
here's -- here's jane king. >>> good morning. shoppers out early this morning, stuffing themselves with deals today after getting holiday shopping done last night. record rise in thanksgiving day dales of 28% from a year ago. ibm benchmark says online sales climbed more than 18% compared to last year. today is not the best day to buy everything. except for doorbuster deals, offering limited amount of inventory, best time to buy a watch in march, uggs in september and october, appliances in december. even if you get good deals, shopping today could cost more than you save, progressive insurance says parking-related accident claim increase more than 36% the day after thanksgiving. 15,000 hostess workers will be collecting unemployment insurance after being let go wednesday after hostess won tentative court approval to liquidate a move a financial adviser could bring in a billion dollars for the company. quick trading check, higher close for stocks the day before thanksgiving. exchange here is open for trading today. at the new york stock exchange, i'm jane king with the bloomberg bus
. trading underway on wall street. the dow is flat, down 18 points. we go live to jane king at the new york stock exchange, coming up next. >>> he's been dead or eight years. this morning the body of yasser arafat wa >>> good tuesday morning. the rain is going to hold off one more day for the most part you may see sprinkles along the shoreline today, to the north a little green painted on the map, otherwise temperatures will be cooler with plenty of cloud cover today, sierra nevada, 54°, winter weather advisory posted for tomorrow morning with high elevation snow, 48 inches above 7,000 feet, snow new york city, rain along the southeast, back home, not looking at any travel delays, still fog in our valleys. >>> >> let's check in with josh elliot for what is coming up. >>> good tuesday morning to all of you in the bay area. like mom, like daughter, i supposed anna nicole smith's daughter starring in new series of guess ads what her father has to say. legendary dolly parton joining us today, don't miss a moment of the program, we are also joined by the muppets, next on "good morning america."
. >>> 5:46. if you want to avoid large crowds at the mall, today may be the best day. >> here's jane king with the bloomberg business report. >>> good morning. if you are hoping to get to the mall, but want to avoid scenes like these, today could be a good day, of the days left between now and christmas, today will be the least crowded, 15th will be the busiest if you go shopping you might not have to worry about getting hungry retailers have been serving gourmet food to increase consumers' appetites for their products, you might get prizes, jc penney giving out scarves, banana republic chocolate. cyber monday was busy, sales jump 30% compared to last year, wal-mart.com said it had its best day in history. starbucks stirring up what may be most expensive coffee ever, $7 for a large cup of costa reza coffee, it is -- costa rica coffee,vñkwu $40 half pound bag available nationwide next year. at new york stock exchange, i'm jane king. >>> just checking out lisa's map, a lot of rain coming. lisa, we could be more concerned with the winds too. >> yeah, by the end of the weekend when we've had
. also bacon lovers may want to know about this. >>> jane king live at the new york stock exchange. >>> more talks today aimed at avoiding the fiscal cliff. time geithner going to capitol hill to meet with leaders of the highways and -- leaders of the house and senate. meantime, a report coming out a few minutes on october pending home sales investors will be watching that. stocks this morning are higher, economic growth last quarter stronger than previously thought. seems like folks on wall street, a little more optimistic there will be a budget deal reached. bloomberg index also higher. i know people like hearing about new and unusual products. there's a lot this year. bacon lovers may be happy to hear, bacon shaving cream, about $15 a jar, high end luxurious bacon scented shaving creep for all skin types best used after a hot shower or before a date you my -- they make other bacon products. live at the new york stock exchange, i'm jane king. >> you take bacon with you into eternity, jane thank you. >> just don't wear that shaving cream going out on a date with a vegetarian or so
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